Rentify, a UAE-based fintech specialized in real estate rental solutions, has secured $500K in pre-seed funding from a group of investors. This capital injection reinforces Rentify’s mission to digitize the real estate ecosystem in the United Arab Emirates by fostering transparency, trust, and technology.
The Rentify platform delivers a seamless rental experience for both property owners and tenants. By leveraging AI-driven processes, Rentify not only supports flexible payment options – such as “Rent Now, Pay Later” along with exclusive rewards and benefits – but also streamlines the entire rental journey.
On the landlord side, the platform provides data-driven insights, automated rent collection, and rigorous tenant verification (Know Your Customer), thereby enabling more efficient property management.
Having successfully recorded properties valued at AED 1.5 billion and demonstrated rapid growth, Rentify is redefining the rental market through its innovative payment solutions and technology-enhanced platform.
The company addresses common industry shortcomings such as check-based payments, cumbersome tenant verification processes, and ineffective communication among stakeholders. By integrating AI-enabled verification, seamless onboarding, and automated processes, Rentify ensures a smarter rental experience complete with real-time alerts, direct engagement between tenants and owners, and secure payments.
Commenting on the milestone, Rashed Hareb Al Mheiri, Co-Founder and CEO of Rentify, stated, “Our platform is designed to remove barriers in the rental process, making it more streamlined and rewarding for both landlords and tenants. Rentify positions itself as the most user-friendly and innovative rental platform in the UAE by offering a fully digital experience supported by financial incentives for all stakeholders – property owners, tenants, and brokers. Our vision is to solidify Rentify’s status as the smartest rental platform in the UAE through strategic growth funding.”
Rajneel Kumar, Co-Founder and Chief Operating Officer at Rentify, added, “Our goal at Rentify is to transform the rental ecosystem through technology, ensuring a more transparent, efficient, and beneficial experience. With this funding, we aim to accelerate growth, onboard additional properties, and further enhance our technical capabilities. This investment will also support strategic partnerships and the expansion of our rewards program. We are committed to empowering residents through smarter and more financially flexible rental solutions.”
